Founded in 1996 and headquartered in Norfolk, Virginia, PRA Group, Inc. is a publicly-traded company (Nasdaq: PRAA) specializing in the acquisition, collection, and processing of nonperforming loans. The company purchases portfolios of defaulted consumer debt from credit grantors such as banks, credit card companies, and auto finance companies at a discount. PRA Group then works with customers to help them resolve their outstanding balances. The company emphasizes a consumer-focused approach to debt resolution and operates across the Americas, Europe, and Australia.

Founded in

United States